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Roads and the Real Exchange Rate
Du, Qingyuang - 2018
This paper studies the effect of transport infrastructure on the real exchange rate (RER) and reaches two relatively strong conclusions. First, while the list of robust determinants of the RER is not long, transport infrastructure belongs to that list. Many other potential determinants proposed...
Persistent link: https://www.econbiz.de/10012914401
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International Equity and Debt Flows to Emerging Market Economies : Composition, Crises, and Controls
Ma, Chang; Wei, Shang-Jin - 2021
fail to attract equity investment in a large quantity. We propose a theory of endogenous composition of capital flows that …
Persistent link: https://www.econbiz.de/10013244825
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On the Connections between Intertemporal and Intra-Temporal Trades
Ju, Jiandong - 2011
This paper develops a new theory of international economics by introducing Heckscher-Ohlin features of intra … account towards its long-run equilibrium. We present empirical evidence consistent with the theory …
Persistent link: https://www.econbiz.de/10013119039
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The Wedge of the Century : Understanding a Divergence between CPI and PPI Inflation Measures
Wei, Shang-Jin - 2018
2000. This theory implies that the decline in the correlation is likely to be permanent and a rethinking of the monetary …
Persistent link: https://www.econbiz.de/10012927035
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Global Value Chains and Effective Exchange Rates at the Country-Sector Level
Patel, Nikhil - 2014
The real effective exchange rate (REER) is one of the most cited statistical constructs in international macroeconomics. With the rising importance of offshoring and outsourcing, the standard measures are increasingly flawed. In addition, because different sectors within a country may...
Persistent link: https://www.econbiz.de/10012458430
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Quantifying International Production Sharing at the Bilateral and Sector Levels
Wang, Zhi - 2013
This paper generalizes the gross exports accounting framework, initially proposed by Koopman, Wang, and Wei (2014) for a country's aggregate exports, to one at the sector, bilateral, and bilateral-sector levels. Such a generalization requires a conceptual distinction between value added exports...
Persistent link: https://www.econbiz.de/10012458986
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Roads and the Real Exchange Rate
Du, Qingyuan - 2013
This paper studies the effect of transport infrastructure on the real exchange rate (RER) and reaches two relatively strong conclusions. First, while the list of robust determinants of the RER is not long, transport infrastructure belongs to that list. Many other potential determinants proposed...
Persistent link: https://www.econbiz.de/10012459370
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A Theory of the Competitive Saving Motive
Du, Qingyuan - 2013
Motivated by recent empirical work, this paper formalizes a theory of competitive savings - an arms race in household …. Relative to the empirical work, the theory can clarify a number of important questions: What determines the strength of the … conditions under which aggregate savings would go up in response to a higher sex ratio? This theory can potentially help to …
Persistent link: https://www.econbiz.de/10012459750
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Trade Reforms and Current Account Imbalances : When Does the General Equilibrium Effect Overturn a Partial Equilibrium Intuition?
Ju, Jiandong - 2012
While a reduction in import barriers in a partial equilibrium may be thought to lead to an increase in imports and a reduction in trade surplus, the general equilibrium effect can go in the opposite direction. We study how trade reforms affect current accounts by embedding a modified...
Persistent link: https://www.econbiz.de/10012460007
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On the Connections between Intertemporal and Intra-temporal Trades
Ju, Jiandong - 2011
This paper develops a new theory of international economics by introducing Heckscher-Ohlin features of intra … account towards its long-run equilibrium. We present empirical evidence consistent with the theory …
Persistent link: https://www.econbiz.de/10012461109